Keefe, Bruyette & Woods Increases Toast (NYSE:TOST) Price Target to $35.00

Toast (NYSE:TOST) had its price target increased by equities research analysts at Keefe, Bruyette & Woods from $30.00 to $35.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 0.76% from the company’s current price.

A number of other equities research analysts also recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Toast from $36.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday. Wall Street Zen downgraded Toast from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Rothschild & Co Redburn reaffirmed a “neutral” rating and set a $35.00 target price on shares of Toast in a report on Tuesday, May 12th. Needham & Company LLC raised their price target on Toast from $35.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Zacks Research lowered Toast from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Eighteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.27.

Toast Trading Up 2.7%

Toast stock traded up $0.93 during mid-day trading on Wednesday, reaching $34.74. The company’s stock had a trading volume of 12,727,488 shares, compared to its average volume of 11,801,244. The firm has a market cap of $17.92 billion, a price-to-earnings ratio of 53.56 and a beta of 1.72. The business has a 50 day moving average price of $27.87 and a 200-day moving average price of $27.83. Toast has a twelve month low of $22.26 and a twelve month high of $46.81.

Toast (NYSE:TOST) last issued its earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). Toast had a return on equity of 20.86% and a net margin of 6.39%.The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the company posted $0.13 earnings per share. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. On average, equities analysts expect that Toast will post 0.97 EPS for the current fiscal year.

Insider Buying and Selling at Toast

In related news, CEO Aman Narang sold 14,365 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $28.85, for a total value of $414,430.25. Following the completion of the transaction, the chief executive officer directly owned 70,451 shares of the company’s stock, valued at $2,032,511.35. This represents a 16.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Jonathan Vassil sold 14,280 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $32.89, for a total value of $469,669.20. Following the completion of the sale, the executive owned 69,966 shares in the company, valued at approximately $2,301,181.74. This represents a 16.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 173,545 shares of company stock valued at $4,748,501. 10.03% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Toast

Several institutional investors have recently bought and sold shares of the stock. Capelight Capital Asset Management LP acquired a new position in shares of Toast during the fourth quarter valued at approximately $2,131,000. Robeco Institutional Asset Management B.V. raised its holdings in Toast by 6.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 972,230 shares of the company’s stock worth $34,524,000 after purchasing an additional 57,512 shares in the last quarter. Lecap Asset Management Ltd. lifted its position in Toast by 206.7% in the fourth quarter. Lecap Asset Management Ltd. now owns 59,123 shares of the company’s stock worth $2,099,000 after purchasing an additional 39,847 shares during the period. Campbell Capital Management Inc. acquired a new stake in Toast in the fourth quarter worth approximately $9,812,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Toast by 11.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 514,992 shares of the company’s stock valued at $18,287,000 after purchasing an additional 52,959 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Toast News Roundup

Here are the key news stories impacting Toast this week:

• Positive Sentiment: Toast raised its 2026 outlook after a strong quarter. Management said second-quarter recurring gross profit streams grew 28%, GAAP operating-income margins expanded to 26%, and the company added a record 9,500 net locations. Toast also plans to reinvest part of its upside into AI and further expansion, supporting expectations for continued growth. Toast Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Revenue exceeded expectations. Toast reported second-quarter revenue of $1.91 billion, above the $1.87 billion consensus estimate and up 23.1% year over year. The customer-location gains indicate continued adoption of its restaurant technology and fintech platform. Toast Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Analysts raised their valuations and ratings. BMO Capital Markets increased its price target from $35 to $40 and assigned an “outperform” rating. Piper Sandler raised its target from $32 to $39 with an “overweight” rating, while Needham lifted its target from $35 to $45 and issued a “buy” rating. The upgrades suggest improving confidence in Toast’s growth and profitability trajectory. Analyst price-target upgrades
• Neutral Sentiment: Reported earnings varied by source and measurement. Toast was reported at $0.26 per share versus a $0.32 consensus in one earnings release, while Zacks cited adjusted earnings of $0.34 per share, above estimates. Investors are likely to focus on the company’s exact non-GAAP results and forward guidance. Toast Q2 earnings report
• Negative Sentiment: AI and expansion spending could pressure near-term margins. Reinvestment may strengthen Toast’s long-term competitive position, but higher costs could temper earnings growth as the stock trades at an elevated valuation.
• Negative Sentiment: An executive sold shares. Chief Revenue Officer Jonathan Vassil sold 14,280 shares worth approximately $469,700 under a pre-arranged Rule 10b5-1 trading plan. The plan reduces the significance of the sale as a discretionary bearish signal. SEC insider-trading filing

Toast Company Profile

Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.

Toast’s product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.